House Looks to Avert Government Shutdown

This transcript has been automatically generated and may not be 100% accurate.

I have until midnight tonight to avoid a government shutdown will ... allow ... members are scrambling today to pass the spending bill for public in Democrats work together to pass out this legislation that now concerts are popping up on both sides the aisle ... joining us to believe it is the law Street Journal's Washington bureau chief Jerry side ... Jerry Acer being here ... sure happy be with AC likely heavily this flight of foreign yet here we are again no one in the latest malware that still stands ... well for so you right this is Groundhog day ... secondly it's a mass ... of that's nor does the norm is par for the course of ... it's it's hard it's hard to say right now I mean ... the expectation was that would be a vote in the house this afternoon a mid afternoon ... to pass the budget that with that that will fund the government's most of the government through the rest of fiscal year ... twenty fifty which is to say through next September ... that hasn't happened if a pullback the resistant pullback is are the folks that are obviously there to pass why is that the case ... alot a Republican conservatives don't like this budget because it doesn't ... shut down of the president's attempts to add to change immigration procedures unilaterally ... doesn't do much to stop Obamacare ... Democrats now don't like it because it has provisions the rollback part of the Dodd Frank financial deal the ... re re regulation law ... aam and they're saying they themselves are enough Republican votes to pass this ... they need our votes Republican leadership a nasty there but we have leverage ... let's not do this until we get the Dodd Frank provisions rolled back and ... so I will say it's the it's the idea that chicken once more in the House of Representatives if this ... legislation doesn't pass is there another option might know can't bobbing around in the background a smaller building they could use to keep the government health and that maybe isn't quite as broad agreement ... well what's popping out that that is a an extension for couple of days the another stopgap position it just gets the ... the funding going through the weekend so that Congress the House in particular would have through the weekend to figure out ... how to square the circle here ... to decent trade off perhaps maybe do some horse trading whatever it takes so I think the the the likely next step would be that if you get into tonight ... and this has been resolved the probably be a vote on keeping the government open for couple of days my guess is everday would agree to go along with actors nobody wants to be ... the person blamed for shutting down the government ... aam but that will just kind of destroyed one of things that is developing here with this kind of ... a sense of goodwill Democrats Republicans working together leaders from both parties working together the use of both houses of Congress working together ... to get this done as a way of saying to themselves into the world ... I were to operate more efficiently now ... that may be going out the window isn't as we speak that anything to eat as there are deer party with AdBlock and his agencies are you getting on the phone and preparing a backup plan if there is accept that ... the past and seen the ramifications the first couple days are too terrible but this was a quick idea of what surpass borrowers ... sure I mean that the first in happens is that the markets to rattle frankly I mean you know it's it's one of the things that kind of undermines confidence in financial markets ... that may already be happening because were having this conversation you know so there's that ... of most see what happens is that on non essential services get shut down and the aunties now that a ... system in place because they've been here before ... that allows essentials services to keep functioning but ... of lots of government employees don't go to war that's the kind of the way this unfolds I think there's no there's no catastrophe out there there's a way to to handle a shutdown of government ... maybe even if it's a seemingly across the board ... of the problem I think is really a least in the short short term more psychological than real ... bright as any falling this all Lanka and Daddy SJ dot com Jerry Acer being here ... sure happy to talk with you ...